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2020 2019 c. Inventory tumover 2020 2019 d. Operating income percentage 2020 2019 Return on common stockholders' equity 2020 2019 t Earnings per share of common stock 2020 2019 Pricelearnings ratio Requirement 2. Decide (a) whether Weinstein's ability to pay debts and to set inventory improved or deteriorated during 2020 and 00 whether the investment attractiveness of is common stock appears to have increased or decreased a Weinstein's ability to pay ta debts and to set inventory thường 200 b. The investment atractiveness of Winelai's common stock appears to have
S ha Income statements A B C 1 Weinstein, Inc. 2 Comparative Income Statements 3 For the Years Ended December 31, 2020 and 2019 (amounts in thousands) 2020 - 2019 $ 452,300 $ 425,390 238,000 222,000 $ 214,300 $ 203,390 136,000 132,000 $ 78,300 $ 71,390 10,800 11,800 $ 67,500 $ 59,590 20,700 21,790 $ 46,800 $ 37,800 4 5 6 Sales revenues 7 Less: Cost of goods sold 8 Gross profit 9 Less: Operating expenses 10 Operating income 11 Less: Interest expense 12 Income before income taxes 13 Less: Income tax expense 14 Net income Print Done - X hes
Balance sheets 1 2 3 4 5 A B D Weinstein, Inc. Comparative Balance Sheets December 31, 2020 and 2019 (amounts in thousands) 2020 2019 2018* $ 92,000 $ 93,000 119,000 89,500 $ 85,000 136,000 204,000 $ 166,000 13,000 9,500 $360,000 $396,000 202,000 178,000 $ 562,000 $ 574,000 $ 240,000 $ 275,000 73,000 68,000 C 6 Assets 7 Current assets: 8 Cash 9 Accounts receivable 10 Inventory 11 Prepaid expenses 12 Total current assets 13 Property, plant, and equipment, net 14 Total assets 15 Liabilities 16 Current liabilities 17 Long-term liabilities X
an ars Liabilities 15 16 Current liabilities 17 Long-term liabilities 18 Total liabilities 19 Stockholders' equity 20 Preferred stock, 4% 21 Total common stockholders' equity 22 Total stockholders' equity 23 24 Total liabilities and equity 25 *Selected 2018 amounts Print $ 240,000 $275,000 73,000 68,000 $ 313,000 $343,000 $ 120,000 $ 120,000 129,000 111,000 $ 109,000 $ 249,000 $ 231,000 $ 562,000 $ 574,000 Done 1 of it
00 ts and Requirements 1. Compute the following ratios for 2020 and 2019: a. Current ratio b. Times-interest-earned ratio c. Inventory turnover d. Operating income percentage e. Return on common stockholders' equity f. Earnings per share of common stock g. Price/earnings ratio 2. Decide (a) whether Weinstein's ability to pay debts and to sell inventory improved or deteriorated during 2020 and (b) whether the investment attractiveness of its common stock appears to have increased or decreased. Print Done - X